Is Lavonia, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lavonia has remained a Seller's Market.
Housing Prices in Lavonia, GA
How much do homes in Lavonia, GA cost?
Median Sold Price
$296,900
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lavonia was $296,900 in May 2024, up 12.2% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $132K | - | N/A |
2 Bedrooms | $179.5K | $156.9K | -12.6% |
3 Bedrooms | $245K | $281K | +14.7% |
4 Bedrooms | $324.5K | $460K | +41.7% |
5+ Bedrooms | $550K | $740K | +34.5% |
Summary: Lavonia housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.6%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes increased by 34.5%.
Median Sold Price Compared To Nearby Cities
Canon | $200K | $229.9K | +14.9% |
Lavonia | $264.5K | $296.9K | +12.2% |
Martin | $288.4K | $322.5K | +11.8% |
Housing Supply in Lavonia, GA
How many homes are available in Lavonia, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
73 | 81 | +11.0% |
Summary: The Lavonia real estate market had 81 homes for sale in May 2024, a 11.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 40 | 51 | +27.5% |
4 Bedrooms | 15 | 13 | -13.3% |
5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Lavonia housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 27.5%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 20 | +42.9% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Lavonia in May 2024, up by 42.9% month-over-month. Of the 15 sold homes, 47% were sold under asking, 33% were sold at asking, and 20% were sold over asking.
Days on Market for Lavonia, GA
How long does it take to sell a home in Lavonia, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
32 Days | 52 Days | +62.1% |
Summary: Homes in Lavonia had an average of 52 days on market in May 2024, up by 62.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 20 homes were sold in Lavonia; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.